Arcane Crypto publishes Interim Report for Q1 2022

Arcane Crypto publishes Interim Report for Q1 2022

Published: 2022-05-10 08:00:24 CEST

Arcane Crypto AB
Interim information

First quarter of 2022
– compared to first quarter 2021 –

  • Group revenue increased to 105,865 kSEK (2,157)
  • EBITDA amounted to -2,124 kSEK (-11,043)
  • EBIT amounted to -8,835 kSEK (-11,079)
  • The result for the period amounted to -10,178 kSEK (-136,050)
  • Adjusted result for the period amounted to -10,178 kSEK (-9,097)
  • Earnings per share before dilution amounted to SEK -0.001 (-0.017)
  • Earnings per share after dilution amounted to SEK -0.001 (-0.016)

CEO Torbjørn Bull Jenssen comments:

“In first quarter of 2022, EBITDA improved to -2,124 kSEK compared to -3,383 kSEK in the previous quarter, mainly driven by increased activity in Arcane Green Data.

The adoption of digital assets is accelerating, and with the increased interest we see every day, I am more confident than ever that we are on track to build Arcane into one of the world’s leading players in the institutional digital asset space.”

Main events during Q1 2022

  • On January 13, Arcane Crypto’s wholly-owned subsidiary Kaupang Krypto AS entered into a collaboration with NFT AS and curator Sam Farao, to facilitate acquisitions of Bjarne Melgaard’s first crypto art collection The Lightbulb Man.
  • On February 1, Anna Svahn informed Arcane Crypto AB of her decision to resign from the board due to other professional obligations.
  • On March 1, Puremarkets Limited (branded as Pure Digital) announced its partnership with Copa Fin Ltd. (trading as Cobalt) to bring next-generation credit and post-trade solutions to market.
  • On March 11, Ijort Invest AB (branded as Trijo) announced its partnership with Freja eID, a provider of digital identification services. Freja’s solution allows Trijo to onboard customers from all Nordic countries.
  • On March 22, Arcane Crypto’s wholly owned subsidiary Kaupang Krypto AS announced its collaboration with Ræder in order to provide tax and legal advice to premium clients.

Events after the end of the period

  • On April 22, Arcane Crypto’s associated company LN Markets announced a launch of Bitcoin options trading built on top of the Lightning Network.
  • During the first quarter, 194,670,151 warrants were exercised resulting in an equal number of new shares being issued in April.
  • Kaupang Krypto achieved its earn-out target, 58,452,374 new shares will be issued in Q2 to settle the earn-out.
  • In April, a 15 MSEK loan was secured from DBT Capital with a 42 month term.

Webcast presentation

The company will hold a webcast presentation where CEO Torbjørn Bull Jenssen will present the report today at 10:00 CET. Investors, analysts, and media are invited to follow the webcast.

Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20220510_6/

No pre-registration is needed. The presentation will be held in English and questions can be submitted in English during the webcast.

 

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: ir@arcanecrypto.no
web: investor.arcanecrypto.se

About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

 

The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EU’s Market Abuse Regulation (MAR). This information was submitted for publication at 08:00 (CET) on May 10, 2022, through the agency of the CEO.


Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC International.

Arcane Crypto’s associated company LN Markets announces launch of Bitcoin options trading

Arcane Crypto’s associated company LN Markets announces launch of Bitcoin options trading

April 22, 2022  Arcane’s associates company ITOAM Sarl, the company behind LN Markets today announced the launch of Bitcoin options trading built on top of the Lightning Network.

LN Markets now offers BTCUSD calls and puts with

  • 24-hour expiry
  • 2 strikes for calls and puts each
  • Choice of cash or physical delivery

Torbjørn Bull Jenssen, CEO of Arcane says, “With the addition of options trading, LN Markets shows that they continue to be on the forefront of lightning-enabled bitcoin trading. As outlined by our research team in a recent report, adoption of lightning is growing fast, which together with a strengthened product offering puts LN Markets in a great position for future growth.”

LN Markets launched in March 2020 and achieved USD 329M of trading volume in 2021. Arcane has a 16% stake in LN Markets.

About LN Markets

LN Markets is a trading platform built on the Bitcoin Lightning Network using Bitcoin settled over the Network as collateral for derivatives trading. The use of instant and almost costless transactions and Bitcoin Lightning Network technology enables LN Markets to provide highly leveraged derivatives with minimal counterparty risk for traders.

For more information about LN Markets see https://lnmarkets.com/

About Arcane Crypto

Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

e-mail: ir@arcanecrypto.no

web: investor.arcanecrypto.se

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

Files for download

Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC International.

Arcane Crypto increases its ownership stake in Bitcoin derivatives platform LN Markets to 16%

PRESS RELEASE: Arcane Crypto increases its ownership stake in Bitcoin derivatives platform LN Markets to 16%

Arcane Crypto AS, a fully owned subsidiary of Arcane Crypto AB, (collectively “Arcane”) has entered into an Investment Agreement to increase its ownership in ITOAM (ITŌ) the owner of the Bitcoin Lightning Network based trading platform LN Markets (“LN Markets”) from current 7% to 16%, by a cash investment of EUR 1,500,000.

About LN Markets

LN Markets is a trading platform built on the Bitcoin Lightning Network and uses Bitcoin, paid and settled over the Network as collateral for derivatives trading. Currently LN Markets only provides Bitcoin derivatives but will soon be expanding their product offering.

The use of instant and almost costless transactions and Bitcoin Lightning Network technology enables LN Markets to provide highly leveraged derivatives with minimal counterparty risk for traders. Using the highly liquid 24/7/365 traded bitcoin as collateral also limits the risk exposure. LN Market’s set-up and APIs further enables almost anyone with a Bitcoin Wallet with Lightning technology rapid access to derivatives trading directly from their wallet. This provides LN Markets with the opportunity to scale the business globally and the team are already exploring potential partnerships.

With this new type of trading platform providing low cost and easy to use access to crypto derivates trading, LN Markets are uniquely positioned to address demand in this emerging market. Despite trading on LN Markets only launching in March 2020 they have already seen impressive growth and positive user feedback. Gross trading volume (gross derivative exposure) on LN Markets was USD 6m, USD 5m, USD 30m, USD 94m in Q2 2020, Q3 2020, Q4 2020 and Q1 2021 respectively.

In addition to the founders of LN Markets, Fulgur Ventures and the bitcoin exchange Bitfinex are also shareholders in LN Markets.

For more information about LN Markets see https://lnmarkets.com/

“We are excited about increasing our ownership stake in LN Markets. They share Arcane’s belief in the unique opportunities offered by the Bitcoin Lightning Network. In our view, there is no better cases study to illustrate how extremely efficient Bitcoin collateralized trading can be when using the Lightning Network, than LN Markets. Their product is extremely scalable. After just one year in operation, they have shown the exponential growth to prove it. LN Markets is positioned to grow with the adoption of Lightning and potentially become one of the really big market players in the years ahead”

– Torbjørn Bull Jenssen, CEO of Arcane

“We are very happy to strengthen our partnership with Arcane. They are building one of the most fast-growing digital assets companies globally and they share our belief that Bitcoin is the best collateral and the best infrastructure to build the future of digital finance. Arcane’s support is instrumental to scale our offering and build the leading Bitcoin derivatives trading platform.”

– Côme Jean Jarry, Co-Founder at LN Markets.

This information is information that Arcane is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact person, for publication on April 16, 2021 at 10:30 CET.

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: post@arcanecrypto.se
web: investor.arcanecrypto.se

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

About ITŌ 

ITŌ (https://ito.am/) is building on Bitcoin to offer very low latency and highly secure trading and clearing solutions. With a deep expertise in both finance and tech, and an acute understanding of the Bitcoin disruption, our team develops inventive products and services designed for financial markets professionals.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.


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